How important is it to have Community-Driven Governance for a project?

Decentralization is one of the core foundations of cryptocurrency. It acts as strong leverage that attracts the general public towards the industry over the traditional financial systems. In a nutshell, decentralization maintains fairness and engagement between the project and the community regarding future decisions of the project.

This scale of decentralization is implemented by a decentralized autonomous organization or DAO. In detail, DAO is an organization intended to be automated and decentralized. Without the usual management structure, it also serves as a venture capital fund that is based on an open-source code.

With its independence from any centralized entity, DAO preserves its decentralized quality. To add, DAOs were designed to remove human error and manipulation by designating the decision-making power to the members of the organization. All must vote for a resolution to be implemented, which gives the community a degree of control over their future.

At present, DAOs are mainly used for investments, fundraising, charity, buying and borrowing NFTs, etc. Meanwhile, a new platform was introduced that displays exciting utilities of a decentralized autonomous organization–Asgard DAO. It is a new category-defining asset class that utilizes hedging to let smart investors build their world.

As a multi-dimensional project, Asgard offers a new class asset token that can be a part of any kind of portfolio while being used to hedge risky assets. As a result, it can offer better incentives than stablecoins.

Furthermore, Asgard DAO leverages Snapshot to facilitate the voting process. A decentralized voting system, Snapshot provides a flexible calculation for voting power. Here, users can effortlessly create proposals and vote in a user-friendly and gas-fee-free platform.